BTC/USDT In Freefall - $14K Incoming? ๐๐จ
Wow... What a crazy past few days in crypto with Binance and CZ gobbling up FTX.
This along with insolvency rumors not just at FTX, but other large exchanges is causing a serious meltdown across all cryptocurrencies. โ
Looking at the Bitcoin 8H chart, we see that we just crashed through a major support zone. This goes in tandem with our mid-term thesis that Bitcoin is in for more pain. ๐ค
We're looking for a local bottom around $14-16K.
Still a volatile week ahead with CPI and elections finishing up.
Stay safe and eyes peeled! ๐
This along with insolvency rumors not just at FTX, but other large exchanges is causing a serious meltdown across all cryptocurrencies. โ
Looking at the Bitcoin 8H chart, we see that we just crashed through a major support zone. This goes in tandem with our mid-term thesis that Bitcoin is in for more pain. ๐ค
We're looking for a local bottom around $14-16K.
Still a volatile week ahead with CPI and elections finishing up.
Stay safe and eyes peeled! ๐
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